Litecoin / Dollar may fall to 67.1 - 67.8

Our pivot point stands at 70.1.

Our preference

The downside prevails as long as 70.1 is resistance.

Alternative scenario

The upside breakout of 70.1, would call for 71.2 and 71.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 69.6 and 70.2).

Supports and resistances

71.9 **

71.2 *

70.1 **

69.7

69.2 last

67.8

67.1 **

66.5 *

65.8 **

Number of asterisks represents the strength of support and resistance levels.